Hackers who took control of Ethereum founder Vitalik Buterin's X account have stolen more than $691,000 after posting a malicious phishing link that gained access to people's wallets.
The tweet containing the malicious link has since been deleted.
ZachXBT declined to speculate on whether Buterin was the victim of a "SIM swap" attack, stating that the Ethereum founder, who has 4.9 million followers on X, formerly Twitter, is a "big enough target to where an insider could have been paid off." SIM swapping involves taking control of someone's phone number in order to overcome some two-factor security measures on websites like crypto exchanges or social media sites.
Earlier this year it was reported that crypto investors lost a total of $54 million in a single month at the hands of rug pulls, scams and hacks.
Last month, the Terra blockchain's official website was taken over by hackers who posted a series of malicious links. It is unclear how much was ultimately stolen.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.